Re:Hands on with Apple Pay Competitor CurrentC
by jszumski on Thursday November 05, 2015 @11:39AM
(#10514294)
Even if the transaction itself is tokenized, CurrentC controls the metadata and can allow MCX retailers access to that database after the fact. Apple on the other hand doesn't offer that type of access to anyone outside the company (if they store it at all).
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Re:Hands on with Apple Pay Competitor CurrentC
by prplhaz4 on Thursday November 05, 2015 @04:23PM
(#10516202)
More secure payment systems like CurrentC also employ tokenization to enhance user privacy and security throughout the payment process. This means that merchants are never given an actual bank account number, instead they are given a one-time use token that can be redeemed by a payment processor as if it was a valid bank account number.